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Your search for "coordination failures" over the article keywords returned 3 results.

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1. institutional trap

One of the main obstacles for successful economic development is the formation of institutional traps, inefficient yet stable norms of behaviour. Domination ...

By Victor Polterovich. From The New Palgrave Dictionary of Economics, Second Edition, 2008

2. balanced growth

‘Balanced growth’ has at least two different meanings in economics. In macroeconomics, balanced growth occurs when output and the capital stock grow at ...

By Jonathan Temple. From The New Palgrave Dictionary of Economics, Second Edition, 2008

3. underemployment equilibria

The standard model of general equilibrium is extended by allowing for expectations about supply opportunities by households and firms. In this framework ...

By P. Jean-Jacques Herings. From The New Palgrave Dictionary of Economics, Second Edition, 2008